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DAILY MCX NEWSLETTER

31-DEC. -2013

THE EQUICOM PROFIT UPDATE: PLEASE CLOSE YOUR POSITION IN COPPER, OUR SL TRIGGERED www.TheEquicom.com 09200009266

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BULLION

BASE METAL

ENERGY

Silver market is bearish on global cues as arecovery in US economy pulls the investors to equity market, and bullion failed to rally with its safe haven appeal. Expectation of tapering of Federal Reserve's bond purchase drove the price sentiment through out the year and kept it under pressure. All the market participants from large investments banks to small fund houses reduced their exposure to Silver on each break to the downside. Government of India hiked the import duty of Silver in August to 10 percent , on an attempt to bring down the Current Account Deficit to support the currency. Even as gold managed to a life time high this year on MCX on 28th August when Rupee hit an all time low, silver continued to be a laggard. Prices witnessed a sharp fall across the globe, while depreciation of Indian Rupee restricted the bullion market from making a big loss on the domestic front.

China flipped back to being a net importer of tin in November after being a net exporter for the first time since 2007 in October. Domestic tin mine production and refined tin production both declined year-on-year basis after having risen strongly for much of the year, this means we could see more strengthening in tin imports in the months ahead, said London based Barclays in its recent market analysis. Zinc concentrate imports fell 22% yearon-year back in November and are flat YTD, possibly due to improved domestic availability from the strong recovery in domestic zinc mine production this year. Refined zinc imports, meanwhile, remained strong, up 91% year-on-year in November and 26% YTD given the open import arb and solid financing demand. However, with the arb having narrowed sharply in mid-December, imports could ease back in early 2014, the bank noted.

Natural gas futures at India's Multi Commodity Exchange (MCX) has been trading in the range 180-280 in the last five years.In 2013 also it started on a lower note and gained close to 20 percent for the first quarter. Thereafter, it was range bound for two quarters. A sharp gain has taken place for the last quarter and rose 26 percent as on Dec 27 to 280 levels and reached its resistance level. Overall, Natural Gas prices gained near to 53 percent in 2013. Hedge funds got more bullish on natural gas as a blast of cold air swept across the U.S., pushing prices to the highest level in more than two years.Money managers increased net-long positions or bets on rising prices,Prices rose near to 30 percent during the five weeks as below- normal temperatures spread across the lower 48 states and Midwest to the Northeast. U.S. inventories have fallen faster than the five-year norm since early November, government reports show.The forecasts are calling for some cold during the remaining winter.

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BULLION
GOLD (5 FEB.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : -CONSOLIDATE : - 28550, 28700 : - 28200, 28000 : - SELL ON HIGH

SILVER (5 MAR.)
OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 44500, 44800 : - 43000, 42500 : - SELL ON HIGH HIGH

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ENERGY
CRUDEOIL (20 JAN.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 6200, 6250 : - 6100, 6050 : - SELL ON HIGH

NATURAL GAS (28 JAN.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : -BULLISH : - 277.00, 280. 00 : - 271.00, 267.00 : - BUY ON DIPS

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BASE METAL

COPPER (28 FEB.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : -470.00, 473.50 : - 463.00, 458.30 : - SELL ON HIGH

LEAD (31 JAN.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 141.50, 142.50 : - 138.00, 137.00 : - SELL ON HIGH

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ZINC (31 JAN.)


OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 131.50, 132.50 : - 128.00, 127.00 : - SELL ON HIGH

ALUMINUM (31 JAN.)


OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 113.00, 109.00 : - 110.00, 109.00 : - SELL ON HIGH

NICKEL (31 JAN.)


OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 889.00, 893.00 : - 871.00, 864.00 : - SELL ON HIGH

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GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM

1198.45 19.483 03.387 99.31 04.438 710.50 1357.60

USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD

62.1750 01.3793 104.892 00.8881 01.6479 01.0652

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